Wealth Distribution and Social Mobility in the US: A Quantitative Approach

NBER Working Paper No. 21721Issued in November 2015, Revised in December 2015

---- Acknowledgments ----

Thanks to seminar audiences at Duke, NYU, Minneapolis Fed, SED-Warsaw, Lake Baikal Summer School, SAET-Cambridge, University College of London, Wharton School. Special thanks to Orazio Attanasio, Mariacristina De Nardi, Pat Kehoe, Per Krusell, Ben Moll, Tom Sargent, Gianluca Violante, Daniel Xu. Special thanks to Luigi Guiso for spotting a mistake in a previous version. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.